Kristi Mitchem — picked to run the defined contribution business of a combined BlackRock Inc. and Barclays Global Investors when their merger is completed — believes the DC industry has gotten a bum rap.
Defined contribution plan executives and money managers still have plenty of work to do in adopting some of the best practices laid out in the Pension Protection Act of 2006, according to Seth J. Masters, chief investment officer of AllianceBernstein Defined Contribution Investments.
A startling number of older adults either lack the cognitive abilities to manage their finances or delegate that responsibility to others — a finding that could have implications for plan executives and other fiduciaries as a wave of wealthy Americans approach retirement.
Long-duration and government bond managers were the leaders in fixed-income performance in Morningstar Inc.'s Separate Account/Collective Investment Trust database for the year ended June 30, as investors took advantage of upheaval in the credit markets.
Companies are starting to restore matching contributions to their 401(k) plans after extensive cost-cutting and signs of improvement in the economy and experts say these firms represent the first batch in what could be a major round of restoring company matches in coming months.
Wrap capacity for stable value funds has evaporated, leaving DC plan executives scrambling to find insurance for new assets flowing into these funds as many wrap providers are under financial pressure.
Defined contribution plan participants are burning through their retirement assets much faster than employers realize, which could have big implications for how much target-date funds invest in stocks, a consulting firm executive contends.
While many experts are calling for a more conservative investment approach for target-date funds, an Australian academic is arguing that in many cases equity allocations should be increased from current levels for participants approaching retirement.
As investors attempt to recover some of their losses in the Oppenheimer Core Bond fund — which was used by at least five 529 plans — one researcher is claiming they should have seen trouble coming long before the fund famously collapsed late last year.
Annuities as an investment option in DC plans have legal and fiduciary hurdles to overcome before there's any chance they'll become commonplace, members of a Pensions & Investments round table warned. (Includes podcast)
Automatic enrollment has hit the brakes — at least for now. Among the 53% of corporate defined contribution plans that don't offer auto enrollment, just 1% plan to offer such a feature this year, according to Watson Wyatt Worldwide.